Evan Thomas from Newsweek claims that Obama is a god giving voice to the apparent widespread belief of the rest of the drive bys so why shouldnt he act like one? It isnt like anyone of any significance in the Main Stream Media will call him on it.
Administration: Rein in pay in US private sector Obama administration: Executive pay needs curbs, better management, across US private sector
WASHINGTON (AP) — The Obama administration says excessive executive compensation must be better managed to prevent the sort of risk-taking that jeopardizes the U.S. economy.
Gene Sperling, who advises Treasury Secretary Timothy Geithner, said Thursday the administration does not want to impose caps on executive pay. But he also laid out for the House Financial Services Committee a list of guidelines calling on publicly-held companies to link compensation to long-term performance, not short-term gains.
Sperling said in prepared testimony the administration believes compensation practices “must be better aligned with long-term value and prudent risk management at all firms, and not just for the financial services industry.” Administration: Rein in pay in US private sector – Yahoo! Finance
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